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Pune based wind power turbine maker Suzlon Energy today announced a deal worth $1.28 billion with Caparo Energy for developing 1,000 MW wind power projects in India.
The project’s first 500 MW will be completed by March 2012 and another 500 MW by March 2013, Suzlon Energy Ltd said in a statement here.
It further said that the projects will utilise various Suzlon turbine models, including the S88 and the new S9X series 2.1 MW turbines, with the doubly-fed induction generator technology.
“This has been a strong year for wind (power) in the Indian power market. Building on strong, transparent policy frameworks we now have a mature, attractive market,” Suzlon Group Chairman, Mr Tulsi R Tanti said in a statement.
“With large players like Caparo entering the market, we are also seeing large wind independent power producers in India becoming a major force,” he added.
“With Suzlon, we believe we have the best life-cycle value contribution, allowing us to rapidly build up bankable, profitable wind power projects,” Mr Ravi Kailas, Chief Executive Officer of Hyderabad based Caparo Energy Ltd, said in the statement.
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